St Lukes Hospital Foundation Inc
- Assets
- $20.7m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Maumee, OH
- Founding
- 12/1979
- Data as of
- 09/2021
- EIN
- 34-1292849
Organization Overview
St Lukes Hospital Foundation Inc, operating under the name Mclaren St Lukes Foundation, is located in Maumee, OH. The organization was established in 1979. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclaren St Lukes Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Mclaren St Lukes Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $4.1m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ST. LUKE'S HOSPITAL FOUNDATION, THROUGH ITS SUPPORT OF ST. LUKE'S HOSPITAL, CONTRIBUTES TO THE PROVISION OF HEALTHCARE AND ENHANCING THE QUALITY OF LIFE FOR PEOPLE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. LUKE'S HOSPITAL FOUNDATION, THROUGH ITS SUPPORT OF ST. LUKE'S HOSPITAL, CONTRIBUTES TO THE PROVISION OF HEALTH CARE AND ENHANCING THE QUALITY OF LIFE FOR PEOPLE IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Carmony Chairperson | OfficerTrustee | 1 | $0 |
Christine C Black Chairperson - Part Year | OfficerTrustee | 1 | $0 |
Jennifer Montgomery President/ceo, Trustee | OfficerTrustee | 1 | $0 |
Kevin Riley Chief Financial Officer-Part Year | Officer | 1 | $0 |
Steve Thompson Chief Financial Officer | Officer | 1 | $0 |
William Carroll Msl Chairperson/trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,874 |
| Membership dues | $0 |
| Fundraising events | $63,037 |
| Related organizations | $291,714 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,328 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $712,953 |
| Total Program Service Revenue | $0 |
| Investment income | $424,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,449,762 |
| Net Income from Fundraising Events | -$12,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,574,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,775,238 |
| Grants and other assistance to domestic individuals. | $12,651 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,333 |
| Pension plan accruals and contributions | $13,087 |
| Other employee benefits | $17,476 |
| Payroll taxes | $10,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,900 |
| Fees for services: Other | $450 |
| Advertising and promotion | $33,505 |
| Office expenses | $3,267 |
| Information technology | $28,958 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,331 |
| Total functional expenses | $4,090,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,000 |
| Savings and temporary cash investments | $1,216,341 |
| Pledges and grants receivable | $147,496 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,490 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,421,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,777,389 |
| Total assets | $20,672,645 |
| Accounts payable and accrued expenses | $10,527 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,063 |
| Total liabilities | $82,590 |
| Net assets without donor restrictions | $18,069,591 |
| Net assets with donor restrictions | $2,520,464 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,672,645 |
Grants Awarded
Over the last fiscal year, St Lukes Hospital Foundation Inc has awarded $245,620 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Maumee, OH PURPOSE: OPERATING/CAPITAL GRANT | $234,695 |
Toledo, OH PURPOSE: OPERATING/CAPITAL GRANT | $10,925 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that St Lukes Hospital Foundation Inc has recieved totaling $40,533.
| Awarding Organization | Amount |
|---|---|
George W & Mary F Ritter Charitable Tr Brooklyn, OH PURPOSE: GENERAL OPERATING | $23,083 |
Hiss Fam Charitable Fd 1995 Pfdn Brooklyn, OH PURPOSE: GENERAL OPERATING | $17,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Health Information Exchange Inc Indianapolis, IN | $7,071,643 | $17,868,575 |
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Ohio Bricklayers Health And Welfare Fund Troy, MI | $39,451,516 | $19,388,993 |
Henry Ford Health System Foundation Detroit, MI | $411,181,841 | $16,717,457 |
Midmichigan Health Foundation Midland, MI | $38,469,192 | $3,599,995 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
Childrens Hospital Of Michigan Foundation Detroit, MI | $153,035,262 | $18,796,884 |